In the last two decades, Social Security taxes have increased much faster than the general level of prices, but not as fast as the cost of health care.

Question

Quizplus · Accepted Answer

Social Security taxes have not increased at a rate faster than the general level of prices in the last two decades. The tax rate for Social Security has remained relatively stable, with adjustments primarily in the taxable maximum income cap, rather than the rate itself. Health care costs, on the other hand, have risen significantly faster than both Social Security taxes and the general level of prices.

In the Last Two Decades, Social Security Taxes Have Increased